Definition of Due Diligence Due diligence in general is the care that a reasonable person takes to avoid harm to others or their property. In business, due diligence is a specific process that someone goes through to examine a business transaction before the deal closes. Types of Due Diligence The most common type of due diligence is part of the process of buying a business. Here are some other situations in which a due diligence process might be necessary:...
The term HODL dates back to a 2013 post on a Bitcoin forum. The title of the post, found on the platform Bitcointalk, was “I AM HODLING.” The post’s author went on to say that because he couldn’t predict market trends well enough to be a successful day trader, he would hold his investments instead. Other forum participants embraced the misspelling, and it soon became the subject of memes. The week the post was published, the price of Bitcoin dipped nearly 40%, as a result of actions taken by the Chinese central bank....
Eligible penalties include not filing your tax return on time, not paying the tax due, or not depositing required taxes with the government. You must qualify for the waiver, which means: You can’t have had any penalties in the last three years if you were required to file a return during that time. You have submitted all returns that you have been required to file or you’ve filed for an extension of time to do so....
Job classification is most frequently, formally performed in large companies, civil service and government employment, nonprofit agencies, and colleges and universities. The approach used in these organizations is formal and structured with pay or salary grades attached to the results of the job classification. Promotional opportunities and eligibility for the next level of pay are structured within the job classification system. What Results From Job Classification? In summary, the results of a job classification create parity in job titles, consistent job levels within the organization hierarchy, and salary ranges that are determined by identified factors....
The U.S. Census Bureau found that the 2020 median household income was $67,521. This median income decreased 2.9% from 2019 when the median income was $69,560. For comparison, the median was $58,627 in 2010 and $63,292 in 2000 (calculated in 2020-adjusted dollars). Using $67,521 as the base, the Pew definition of middle income would include households earning between $45,239 and $135,042. How Middle-Class Income Works The Census Bureau estimated that there were about 130 million households in the United States in 2020....
Keep reading to learn what ordinary income is and how it can help you improve your tax planning. Definition and Examples of Ordinary Income Ordinary income can be any type of income that counts as taxable income and is taxed at ordinary income tax rates. The more ordinary income you earn, the higher the tax rate on those earnings. Examples of ordinary income include wages from an employer or interest from a bank account....
Private placements are a fairly common practice. According to the Financial Industry Regulatory Authority (FINRA), nearly 23% of broker-dealers registered with the self-regulator reported revenue from private placements in the past five years. They are especially common for start-ups and smaller companies that don’t want to hold a traditional initial public offering (IPO). Despite its common use, some private placements draw more attention than traditional IPOs. In a famous example, Goldman Sachs in 2011 announced that it would sell private shares in Meta (formerly Facebook), which was still a private company at the time....
This article will discuss coupon rates in detail. We will look at bond coupons, how they affect investors, and more. Definition and Examples of a Coupon Rate The coupon rate of a bond or other fixed income security is the interest rate paid out on the bond. When the government or a company issues a bond, the rate is fixed. The coupon rate is stated as an annual percentage rate based on the bond’s par, or face value....
Definition and Example of Merchant Discount Rate The merchant discount rate is the fee, generally calculated as a percentage of the transaction amount, charged to merchants by a payment processor on a debit or credit card transaction. For example, Chase Merchant Services currently charges a 2.9% merchant discount rate on card transactions. How Does the Merchant Discount Rate Work? Payment processors charge the merchant discount rate to cover costs charged by banks and credit card networks as well as to make a profit....
How Does the NYSE Arca Work? The NYSE Arca works by listing securities like ETFs that can be traded on the exchange. Financial services companies that launch these types of funds need to decide where they will be listed, and NYSE Arca is one option they might choose. An exchange like NYSE Arca tries to convince securities providers to list with them by, for example, touting the exchange’s liquidity and overall investor-friendly trading quality....
vgajic / Getty Images The IRS views the sharing economy through the lens of gig work. Using the terms “gig economy” and “sharing economy” interchangeably, the IRS defines both as “activity where people earn income providing on-demand work, services, or goods,” often through a website or app. According to the IRS, gig work includes: Driving for a ridesharing serviceRenting out propertyRunning errands or completing short tasksSelling things onlineProviding creative or freelance services...
However, you have the right to decide whether or not you feel comfortable giving out your Social Security number—just keep in mind that it may impact your chance of getting hired. Why Do Employers Ask for Social Security Numbers on Applications? Some employers (including state hiring agencies and the federal government) require applicants to list their Social Security number (SSN) when completing job applications. Employers may want your Social Security number to conduct a background check or credit check....
“Manufacturers aren’t producing the volume of vehicles they once were, if they’re producing at all," said Andrew Guthmiller, owner of Gocarconcierge.com and a former car sales manager. He pointed to General Motors’ recent announcement of downtime at production plants. “At a dealership, there is a car waiting for you. But where most dealerships used to have 50 to 100 cars, now there are four or five to choose from.” Luke Bratlie, general manager of Holmes Volvo Cars Dealership in Shreveport, Louisiana, has seen shortages similar to the ones Gutmiller described....
What’s the Deal With Cash Back Credit Cards? Cashback rewards credit cards pay a certain percentage of cash back on all your purchases. For example, you might earn 2% cash back on all your credit card purchases, meaning you earn $2 in cash back rewards for every $100 you spend on your credit. Many cash back credit cards have a tiered reward system, where you earn a higher amount of rewards in certain categories and a base amount of rewards on all other purchases....
First, Find Out Who Your Competitors Are If you’re planning to start a small business that’s going to operate locally, chances are you already know which businesses you’re going to be competing with. But if not, you can easily find out by doing an internet search for local businesses, looking in the online or printed local phone book, or even driving around the target market area. Your local business may also have non-local competitors that you need to be aware of....
Here, we’re going to take a look at XRP, how it works, why it’s popular, and the ongoing challenges facing XRP that every crypto investor should know. Keep reading to learn all about XRP and how it may fit into your crypto portfolio. What Is XRP? XRP is a cryptocurrency created by Ripple Labs to facilitate immediate and trusted payments. The most recent version of the XRP protocol, the software behind the XRP blockchain, was finalized in a whitepaper released in February 2018....
Why You Might Have a Hard Time Getting a Credit Card While specific qualification criteria can vary from one credit card issuer to the next, and even among credit cards from the same credit card issuer, there are some things that make it harder to get a credit card, no matter which card you apply for. Unfortunately, if any of these is true for you, you could have a harder time getting approved for a credit card....
Look into these 11 common places if you’re not working, have low income, work reduced hours, or work part-time. Most low-cost options have eligibility rules, but reading through the list will let you know what’s out there. Medicaid The number of people who can receive Medicaid increased a great deal with the Affordable Care Act (ACA), but some people aren’t aware of this. Those who are living below the poverty line may qualify, including adults without children....
This ultimate list of questions to ask when buying a house can get you closer to finding a home that’s a good match for your lifestyle and budget. General Questions to Ask Whether you have a conversation directly with a seller or you see a home with a real estate agent, using the opportunity to gain insight into why the home is being sold and its recent history can help you make an appropriate offer....
If you want to become an incredible investor, you need to be right in the middle of the action. There is no better place to hone your skills, learn rapidly, and constantly adapt than among the highly-volatile, quickly moving world of the smallest among investments. Apply the wisdom of these 17 thoughts to your own trading style, no matter what type of company or price of shares you may be buying or selling....
